Community | November 17, 2011 | 12 comments

35 Facts About The Gutting Of America's Industrial Might That Should Make You Very Angry

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Revelation1217
Did you know that an average of 23 manufacturing facilities were shut down every single day in the United States last year? As World War II ended, the United States emerged as the greatest industrial power that the world has ever seen. But now America's industrial might is being gutted like a fish and both political parties seem totally unconcerned. Yes, we will always need trading relationships that are fair and balanced with other countries that have economic systems that are similar to our own. However, the truth is that most of our trading relationships are neither "fair" nor balanced. For example, China manipulates currency rates so that Chinese products are much cheaper than they should be, they brazenly steal our technology and we let them get away with it, they deeply subsidize their most important industries and they exploit their citizens by allowing them to be paid slave labor wages. How in the world does that resemble the "free market" at work? Predatory nations such as China do everything that they can to distort the free market. So why in the world would any rational economist ever recommend that we should keep trading with other countries that are cheating us blind? After you read the facts in this article about the gutting of America's industrial might, hopefully you will get very angry. We need the American people to start getting very upset about these very important issues.
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12 comments // 35 Facts About The Gutting Of America's Industrial Might That Should Make You Very Angry

  • sharin
    • +1
      sharin  
    • china is doing this at some demise to themselves: china pays slave-labor wages and hence these employees can't, themselves, purchase the products they manufacture. Chine must export these items to struggling nations like ours where our consumption has dropped due to lack of employment. This means that, cheap though the Chinese products may be, we are buying less of them and china is seeing reduced revenue but increased borrowing
      As jeff madrick states in his excellent article at NationalMemo.com - It's Wages, Stupid
      http://www.nationalmemo.com/article/its-wages-stupid
      If China paid better wages they could sell more of their products to their citizens. Yes, the cost of those Chinese products would go up - so what? The US gov should follow this type of move with legislation that forces US companies to stop shipping manufacturing overseas for slave-labor wages. Hire Americans, pay good wages and see demand for American made products once again return to the post WWII levels

    • 6 months ago
  • Gravity_Man
    • +1
      Gravity_Man  
    • sharin:

      Yep, and the cost of materials TO MAKE THE PRODUCTS are still at pre-Recession prices => the producers of those materials refusing to lower their PRICES because they have to make back their own costs!

      So the situation is a virtual Economic Hell => our Wages dropped ahead of Raw Materials. Quite a vise actually. We're all damned by Yesterday. "Yesterday" demanding to be satisfied Tomorrow is destroying Tomorrow.

      If you can wrap your head around that.

      We have a similar situation right here where I live in Virginia (Roanoke) where the Realtors are doing their best to keep home prices from dropping so Wages & Jobs dropping reduces home sales, in addition to anyone who has lost their job. On the other hand, because this State has been so successful in KEEPING WAGES DEPRESSED, when this happened we were already working at a Depressed Wage Level, so the effect was pre-buffered to have less effect.

      We were already there "just in case". Shoot, they brag about it, brag about how Va has such great employment statistics!!! But the reason we stay more stable is because Workers here were stabilized to such a low level in advance. Therefore when things got tight on Employers they did not have to let their POORLY-PAID EMPLOYEES GO, which then makes it appear we are one helluva job Brownie State.

      Yep, lots of brown to go around. Then they brag to other Governors how much better our stats are than theirs as if we should be copied as a model of efficiency. HAHAHAHA It just gets better & better here. The Have's ride the backs of their low-paid Have-Nots and brag. It's all one big shellgame, one big Magic Act, one big Houdini, what's behind the magic curtain and so on & so forth.

      And if anyone dares complain all they need do is punch up on their computer database HOW MUCH WE SPEND ON COKES AND MOVIE TICKETS. hahahaha, so we can't possibly be doing without. When I had my disabling accident in 1989 the doctors paid by Worker's Compensation were not trying to help me they did their best to prove I was faking so they could send me and my family, wife and 3 little sons, down their toilet.

      Y'all Come move here, see how great Virginia is til you need help. Or, if you get hurt by a drunken surgeon, see how far you get with a malpractice claim. #1, the lawyers are in their pocket. #2, their fellow surgeons will back the surgeon up saying he did not do anything wrong. Virginia doctors have bragged for YEARS that only 3% of malpractice claims succeed against them. Yeah. NO RESIDENT OF VIRGINIA WINS. But along comes George Allen again, Macaca-calling George Allen because he thinks all Virginia residents are peons~macacas because well, to him they actually ARE.

      I notice they have gotten their spaceport built though..........

    • 6 months ago
  • percipi224
    • 0
      percipi224  
    • manufacturing peaked in the U.S. in 1979. We have lost 9 million manufacturing jobs for good since. This was calculated based on the Wal Mart model. It may be to late to get mad over "spilt milk", The effort to buy american was a ruse (roose?) wruze (huh?) back fired. American companies slapped their label on stuff made over seas and can call it made in america. I was standing in a Wal mart years ago. Walton's bio was in a big bin. A man in coveralls and a john deere hat was also looking at the book; Titled "Made In America". I looked at the publisher. It said; Printed and Published in Canada. the man threw the book down and said in a Okie drawl SHEEEE IT

    • 6 months ago
  • rossmick
    • 0
      rossmick  
    • If ALL of us would just quit buying crap from China it would be a real good start. Second, the banks would have to start making loans to new companies here in the US. It is time we take this country of ours back! Put a special tax on ALL brokers of non US products to solve two problems at once. I know, I'm dreaming.

    • 6 months ago
  • wally60
    • +2
      wally60  
    • we should have been upset 20 + years ago when they offshored the first jobs with the approval of our goverment.traitors the whole bunch

    • 6 months ago
  • Leen61
  • wynnmeg61
    • +1
      wynnmeg61  
    • It isn't fair and balanced to blame China for this either. Those "multi-nationals" that have been bugging out of the U.S. to move operations to other countries, have moved to everywhere across the globe where they can get away with paying slave wages, with absolutely no regulations on how they treat labor. They have been doing this for 30 years, and I still don't think that China has majority shares in the vast majority of them. It is American greed that is fueling this.

    • 6 months ago
  • 2warsoffbooks
  • Gravity_Man
  • NickerBocker09
  • queenofit
    • 0
      queenofit  
    • Many are getting mad enough, let's hope it is enough and it happens in a way we can build our country in such a way, that we are no longer dependent upon the greedy few who own us lock, stock and barrel. The previous barons who have jumped ship and moved the industry overseas had this in mind many years ago, this is not just a sudden burst of departure. We have been used for what they needed, we are now only looked upon as consumers, they need us to consume, not produce. In this plan, as I see it, and stated very simplistic, the next step is to get our standard of living down to the level of other low wage countries, they need us, but not so much, so they need us to lower our standards. That is why the middle class has to go. If their wishes come true, all will be very poor. 1% very rich and 99% very poor. We actually still have a good number of high income people left here, soon that number will decrease. (if their plan works). That is why you see our infrastructure crumbling, I have read that they want us to all live in metro cities, no more rural living, the rich will own all the lands we will be crunched in council housing like they have in Britain. I am sure I am not completely right, but I have been seeing this unfold for years, most did not want to believe it, now that it seems to be happening, how many will still dig into their rabbit hole of denial.

      Like Chris Hedges stated in his last article (Nov 15, 2011) This is What Revolution Looks Like

      "Get back into your cages, they are telling us. Return to watching the lies, absurdities, trivia and celebrity gossip we feed you in 24-hour cycles on television. Invest your emotional energy in the vast system of popular entertainment. Run up your credit card debt. Pay your loans. Be thankful for the scraps we toss. Chant back to us our phrases about democracy, greatness and freedom. Vote in our rigged political theater. Send your young men and women to fight and die in useless, unwinnable wars that provide corporations with huge profits. Stand by mutely as our bipartisan congressional supercommittee, either through consensus or cynical dysfunction, plunges you into a society without basic social services including unemployment benefits. Pay for the crimes of Wall Street."

      See how that works out for us?

    • 6 months ago
  • nikonwilly
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